Vest Financial LLC Invests $1.52 Million in Korn Ferry (NYSE:KFY)

Vest Financial LLC purchased a new stake in shares of Korn Ferry (NYSE:KFY - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 22,435 shares of the business services provider's stock, valued at approximately $1,522,000.

A number of other large investors have also added to or reduced their stakes in the company. Wellington Management Group LLP acquired a new position in Korn Ferry during the 4th quarter worth $51,454,000. Norges Bank bought a new position in shares of Korn Ferry in the 4th quarter worth about $42,360,000. Rockefeller Capital Management L.P. lifted its position in Korn Ferry by 113.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 826,157 shares of the business services provider's stock valued at $55,724,000 after purchasing an additional 438,644 shares during the last quarter. Tidal Investments LLC lifted its position in Korn Ferry by 5,931.0% in the 4th quarter. Tidal Investments LLC now owns 352,030 shares of the business services provider's stock valued at $23,744,000 after purchasing an additional 346,193 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its position in Korn Ferry by 19.4% in the 4th quarter. Thrivent Financial for Lutherans now owns 1,133,548 shares of the business services provider's stock valued at $76,458,000 after purchasing an additional 184,170 shares during the last quarter. 98.82% of the stock is owned by institutional investors and hedge funds.

Korn Ferry Price Performance

NYSE KFY opened at $69.88 on Friday. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.22. The company has a fifty day simple moving average of $65.07 and a 200 day simple moving average of $67.63. The company has a market cap of $3.60 billion, a P/E ratio of 14.93 and a beta of 1.42. Korn Ferry has a 1 year low of $59.23 and a 1 year high of $80.64.

Korn Ferry (NYSE:KFY - Get Free Report) last released its earnings results on Tuesday, March 11th. The business services provider reported $1.19 EPS for the quarter, beating the consensus estimate of $1.13 by $0.06. The firm had revenue of $676.50 million during the quarter, compared to analysts' expectations of $650.45 million. Korn Ferry had a net margin of 9.03% and a return on equity of 14.27%. The business's quarterly revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.07 EPS. On average, sell-side analysts predict that Korn Ferry will post 4.75 EPS for the current year.

Korn Ferry Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Thursday, March 27th were paid a $0.48 dividend. This is a boost from Korn Ferry's previous quarterly dividend of $0.37. The ex-dividend date was Thursday, March 27th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.75%. Korn Ferry's dividend payout ratio is currently 41.29%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on KFY shares. Wall Street Zen downgraded shares of Korn Ferry from a "strong-buy" rating to a "buy" rating in a research report on Saturday. Truist Financial cut their price target on shares of Korn Ferry from $84.00 to $80.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Finally, UBS Group dropped their price objective on shares of Korn Ferry from $75.00 to $74.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 27th.

Korn Ferry Profile

Korn Ferry, together with its subsidiaries, provides organizational consulting services worldwide. It operates through four segments: Consulting, Digital, Executive Search, and Recruitment Process Outsourcing (RPO) & Professional Search. The company provides executive search services to recruit board level, chief executive, other senior executive, and general management talent of organizations.

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